Nov 24, 2008

Paul Kasriel on the Troubled Asset Relief Program (TARP)

There is a lack of transparency here and, given that the Fed is taking on a huge amount of credit risk now, it would seem to me as a taxpayer there should be more transparency.

~ Paul Kasriel, chief economist, Northern Trust, "U.S. Pledges Top $7.7 Trillion to Ease Frozen Credit ," Bloomberg.com, November 24, 2008

No comments: